Yelp to Expand Services Advertising Revenues With RepairPal Acquisition

Local business information platform Yelp plans to acquire auto services platform RepairPal for about $80 million in cash. The acquisition is expected to close by the end of the year, subject to customary closing conditions, Yelp said in a Thursday (Nov. 7) press release. The company announced the planned acquisition in an earnings release that also said that Yelp's advertising revenues in its Services categories rose 11% year over year to reach a record $228 million in third quarter. This contributed to the ...